Nickel Deployment in BEV Batteries Up 104% Year-over-Year in February 2019
Nickel, manganese and cobalt all see major gains in deployment year-over-year
In February 2019, 104% more nickel was deployed in newly-sold passenger BEV batteries than the same month the year prior, according to Adamas Intelligence’s “EV Battery Capacity and Battery Metals Tracker”. Over the same period, Adamas data indicates that global manganese deployment in passenger BEV batteries increased by 96% and cobalt deployment increased by 87%.
While usage of all three cathode metals saw major gains from February 2018 through February 2019, nickel enjoyed the greatest gains on account of the auto industry’s ongoing shift from no- or low-nickel cathodes, such as LFP or NCM 111, to varieties with higher concentrations of nickel, such as NCM 523, NCM 622, and NCM 811.
In February 2019, the top five passenger BEV models by battery nickel deployed were (in descending order) the Tesla Model 3, Nissan Leaf, Tesla Model X, Tesla Model S and Hyundai Kona. Collectively, these five models were responsible for almost 50% of all nickel deployed in BEV batteries globally during the same month.
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For more information (and to track monthly deployment of nickel by EV type, region, country, make, model, cell supplier and cell chemistry) subscribe to Adamas Intelligence’s “EV Battery Nickel Monthly“.
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